A Diamond Housing Scheme man was yesterday granted bail after he denied a charge of being in possession of $325,000 in counterfeit $5,000 notes.
The charge was read to Alston Pierce, 23, by acting Chief Magistrate Sherdel Isaacs-Marcus in a Georgetown court.
It is alleged that Pierce, on January 25th, at Stabroek Market, with intent to defraud, knowingly had $325,000 in forged currency, consisting of $5,000 bills, in his possession. Police had previously said that an intelligence-led operation resulted in Pierce’s arrest.
The accused, of 16 Diamond Housing Scheme, denied the charge.
Attorney Eusi Anderson, who represented Pierce, requested bail on his behalf, while stating that he was not a flight risk.
Police prosecutor Adduni Inniss made no objection to bail being granted but requested that conditions be applied since further investigations are pending.
The accused was later granted his release on $200,000 bail, with the condition that he lodge his passport and report every Wednesday at 8am to the Brickdam Police Station.
The matter was adjourned until February 18th.
